Following reports earlier this week of Twitter’s interest in buying Soundcloud, we’re now hearing reports that the purchase may have now fallen through.
According to sources close to the Wall Street Journal, Twitter have ceased continuing conversations due as “the numbers didn’t add up”, however it’s not known at this time as to ‘which’ numbers were unclear.
Soundcloud’s value has been estimated at $700 million, following a $60 million funding injection earlier this year. Whilst account numbers almost match Twitter, with an estimated 250 million monthly users, the growth levels on Soundcloud do not seem as stagnant as the social network, with many industry insiders expecting Soundcloud’s user-base to soar thanks to the heavier reliance on streaming services.
More on any potential Twitter/Soundcloud talks as and when we hear it.
